Welcome to Scribd, the world's digital library. Read, publish, and share books and documents. See more
Download
Standard view
Full view
of .
Save to My Library
Look up keyword or section
Like this
2Activity
0 of .
Results for:
No results containing your search query
P. 1
St. Louis TIF Report - 2009

St. Louis TIF Report - 2009

Ratings: (0)|Views: 161 |Likes:
Published by nextSTL.com

More info:

Published by: nextSTL.com on Apr 06, 2009
Copyright:Attribution Non-commercial

Availability:

Read on Scribd mobile: iPhone, iPad and Android.
download as PDF, TXT or read online from Scribd
See more
See less

01/31/2013

pdf

text

original

 
 An Assessment of the Effectiveness andFiscal Impacts of the Use of Local Development Incentivesin the St. Louis Region
 Interim Report
January 2009
 
 i
Table of Contents
Executive Summary...........................................................................................................iiiI. Introduction.....................................................................................................................1II. Description of Local Development Incentives............................................................... 3 A. Tax Increment Financing....................................................................................3B. Special Taxing Districts .....................................................................................7C. Property Tax Abatements....................................................................................9D. State Incentives.................................................................................................11III. The Cost of Economic Development Incentives.........................................................13A. Overview...........................................................................................................13B. Tax Increment Financing..................................................................................15C. Transportation Development Districts (Missouri)............................................18D. Special Service Areas (Illinois).........................................................................19E. Business Development Districts (Illinois).........................................................20F. Transparency Issues...........................................................................................20IV. Regional Economic Effects of Development Incentives.............................................23A. Overview...........................................................................................................23B. Development Incentives and Job Creation........................................................24C. Regional Trends in Taxable Sales.....................................................................25D. Distribution of Retail Sales...............................................................................28E. Summary of Economic Impacts........................................................................30V. Policy Considerations for Reform ................................................................................31A. Policy Objectives..............................................................................................31B. Finding Meaning in the “but for” Test..............................................................32C. Defining “Blight”..............................................................................................32D. Balancing Local and Regional Interests............................................................33E. Maximizing Economic Productivity of Incentives............................................33VI. Conclusions and Recommendations............................................................................35A. Conclusions .....................................................................................................35B. Recommendations.............................................................................................36Appendix A: Description of Data Sources.........................................................................39Appendix B: Description of Economic Development Incentives and Definitions............41Section 1: Economic Development Incentive Program Summaries......................41Section 2: Definition of Terms..............................................................................45Appendix C: Municipal Finance Data Collection..............................................................47Appendix D: Disclosure Policies.......................................................................................51

Activity (2)

You've already reviewed this. Edit your review.
1 thousand reads
1 hundred reads

You're Reading a Free Preview

Download
/*********** DO NOT ALTER ANYTHING BELOW THIS LINE ! ************/ var s_code=s.t();if(s_code)document.write(s_code)//-->